# SAVOY BANK
NEW YORK, NY · FDIC certificate 58641 · asset band $300M-1B · latest filing 2021-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $691.6M | |
| Deposits | $365.3M | |
| Loans and leases | $600.6M | |
| Total equity | $49.1M | |
| Loans / deposits | 162.13% (p100 of band) | 73.43% |
| Liquid assets / assets | 11.89% (p4 of band) | |
| Uninsured deposits / deposits | 31.24% (p71 of band) | 24.76% |
| Brokered deposits | 4.69% | |
| Wholesale funding | 43.85% (p99 of band) | |
| FHLB advances / assets | 1.08% | |
| Tier 1 leverage | 11.23% (p74 of band) | 9.83% |
| Unrealized securities loss / equity | 0.01% (p29 of band) | 0.83% |
| AOCI / equity | -0.01% (p89 of band) | |
| ROA (annualized) | 1.88% (p85 of band) | 1.17% |
| Net interest margin | 3.71% (p74 of band) | 3.30% |
| Efficiency ratio | 41.20% (p6 of band) | |
| Noncurrent loans | 1.01% (p75 of band) | 0.45% |
| Net charge-offs (annualized) | -0.03% (p11 of band) | |
| Reserve coverage of noncurrent | 138.17% | |
| Real estate % of loans | 51% | |
| Construction % of loans | 21.89% (p34 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 7.4% | |
| Employees | 46 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 4 | noncurrent p90 |  |
| 2011-09 | 5 | capital falling |  |
| 2011-12 | 5 |  |  |
| 2012-03 | 5 |  |  |
| 2012-06 | 4 |  | capital falling |
| 2012-09 | 7 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-12 | 5 | capital falling | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2013-03 | 5 |  |  |
| 2013-06 | 5 |  |  |
| 2013-09 | 4 |  | capital falling |
| 2013-12 | 2 |  | losing money, expense ratio p90 |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 | capital falling | noncurrent p90 |
| 2014-09 | 1 |  | reserve under noncurrent |
| 2014-12 | 2 | reserve under noncurrent |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 0 |  | capital falling, reserve under noncurrent |
| 2015-09 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2015-12 | 2 | capital falling | noncurrent p90 |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 1 |  | reserve under noncurrent |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 1 | reserve under noncurrent |  |
| 2017-09 | 1 | charge-offs p90 | reserve under noncurrent |
| 2017-12 | 2 | uninsured deposits leaving |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 0 |  | charge-offs p90, uninsured deposits leaving |
| 2018-09 | 3 | capital falling, noncurrent p90, reserve under noncurrent |  |
| 2018-12 | 3 | loans exceed deposits, charge-offs p90 | capital falling, noncurrent p90 |
| 2019-03 | 2 |  | loans exceed deposits |
| 2019-06 | 3 | uninsured deposits leaving |  |
| 2019-09 | 2 |  | reserve under noncurrent |
| 2019-12 | 3 | loans exceed deposits |  |
| 2020-03 | 1 |  | charge-offs p90, loans exceed deposits |
| 2020-06 | 3 | loans exceed deposits, wholesale funding >15%, capital falling | uninsured deposits leaving |
| 2020-09 | 3 | liquid assets <10% | capital falling |
| 2020-12 | 2 |  | liquid assets <10% |
| 2021-03 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-05-08 [Appointments: CEO changes at Hawthorn Bank, Gouverneur - Banking Exchange](https://news.google.com/rss/articles/CBMipwFBVV95cUxPbXpFdmhzZ3ZuSUxsNEJfeXpVZ25Gc2tMVExpZjlSa082UjJDRlhjaWVYaGJEelBQZTZYLUFzeUI4ako0SVc2bHozSzFlMWlhZ2czZDQ4YXptR19fLTdmOWsyZW9iWHZDRjRMQ25fYWRMb05jc2Q2Y1haMXktNW5ncE5POEJkYXI5OWMxdGhsZkhqYVE5ajNmR0U4cVZkakEtX014MUZHbw?oc=5) · Banking Exchange
- 2023-04-27 [Hanover Bancorp Appoints McClelland Wilcox President - citybiz](https://news.google.com/rss/articles/CBMilgFBVV95cUxQdW9hYnRwck50N0ttdzM2b0VTU1puMVp2dXdOTWVGV0E3RG1mRTVGc1NNOVQtYlU3SzgxckxqWUIyUF8wNEdrQXJUeHNQUnFaS1JsZUZwd0RhbkpCMnVBbDRmTXJwVW56VTZQUFEwNG5lY1ZGMGJqT042RU81dXh1S1BRcjRiQmRSdnlZUkNKRzV5aERJSkE?oc=5) · citybiz
- 2010-03-12 [Park Avenue Bank shut down, marks second NYC bank collapse in two days - The Real Deal](https://news.google.com/rss/articles/CBMitwFBVV95cUxOOGJvNmU2dnJiaWo0NnR5R3JPNVVxYzZiY2VtOERhbEN0TXJyUFJYSjE4eVoxdHVfcTg0eHRfTHptbEV3XzN4R3pxTjdpSlF5UVpxNG5qV19XV1hrVHM2dVcwbEtydlpIVTVVeWZaVmYtUXpaU0k1bk1fVi1DV2Fwa3lmLUx4WDZZbjJCT0VNSGp6ZnA3N3k5NTVrdkN4VmczUmY5cnNjMkZucS1GcDI0cDUwOVJsUEU?oc=5) · The Real Deal
- 2011-03-23 [Jeffrey Towson - businessinsider.com](https://news.google.com/rss/articles/CBMiY0FVX3lxTE9JeFUxODREXzM2b2tqUzFuVWVZTldia3FSUDRtbnd3ZGpOT2pmY2hNNnBZUE0tRjFEVzNac3J5S20wdXVtR1lrekpOdjVuNkJxckZGamlSVXVKUUY0N2hkeWN2SQ?oc=5) · businessinsider.com
- 2019-03-17 [Robyn Finkelstein, Alex Tolston (Published 2019) - The New York Times](https://news.google.com/rss/articles/CBMikAFBVV95cUxOelJ6dnNiYV9DRWFNMzd5cW9XaTRrbWcycmkzanpzaFkwNjBleDNidm81Y05jaW1FWEM5cXVfWmNUMWpLRWxTY2RCR0d0bm5Td01UYmkxQWJiakJnbks0Y2JuZUF0VFJOYzlUQU9YSGkzMVl5bnBpTjdVa3ktclVCd1NPUmdkUUJHanZDdTVyYlM?oc=5) · The New York Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58641 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/17.json (key "58641", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide